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Session Laws, 1977
Volume 735, Page 2626   View pdf image
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2626                                        LAWS OF MARYLAND                               Ch. 647 in that year (to the extent not previously set aside) and
in the next succeeding year shall be set aside by the
State Comptroller and transferred to the Annuity Bond
Fund for the purpose of making such principal and
interest payments. The balance of the proceeds of such
tax, if any, shall remain in the special fund account on
the books of the State Comptroller, provided, however,
that if the State Comptroller determines at any time or
from time to time that a portion thereof will not be
required for the payment of the principal of or interest
on the bonds or Certificates of Indebtedness issued under
the provisions of this Act, he shall certify the amount
of such portion, which shall thereby be made available
for the funding of projects for the acquisition and
development of recreation land and open space, as
provided under "Program Open Space." Any proceeds of
such tax which may for any reason not be expended or
applied as herein provided, shall be transferred to the
Annuity Bond Fund and shall be applied to the debt
service requirements of the State. SECTION 2. AND BE IT FURTHER ENACTED, That Sections
11, 11A, 11C, 11D, 11E, and 11F of Chapter 403 of the
Acts of 1969, as Section 11 was repealed and reenacted by
Chapter 481 of the Acts of 1973, as Section 11A was added
by Chapter 702 of the Acts of 1970 and repealed and
reenacted with amendments, by Chapter 481 of the Acts of
1973, as Section 11C was added by Chapter 730 of the Acts
of 1971 and repealed and reenacted with amendments, by
Chapter 480 of the Acts of 1972, Chapter 481 of the Acts
of 1973, and Chapter 632 of the Acts of 1974, as Section
11D was added by Chapter 353 of the Acts of 1972, as
Section 11E was added by Chapter 481 of the Acts of 1973,
and as Section 11F was added by Chapter 632 of the Acts
of 1974, be and they are hereby repealed and reenacted,
with amendments, to read as follows: Chapter 403 11. That the funds appropriated by Section 5(b) of this
Act shall be allocated for the fiscal year 1970 as
follows: State Parks (1)    Patuxent (Howard and Montgomery County): State share for land acquisition (approximately 666 acres)..........$ 500,000 (2)    Seneca (Montgomery County):
Land acquisition (approximately 364 acres)...........1,000,000 (3)    Gunpowder (Baltimore
and Harford Counties) :


 
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Session Laws, 1977
Volume 735, Page 2626   View pdf image
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